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Risk Management for Reducing Transportation Cost in Vietnam Market in Globalization Era

Journal: International Journal of Mechanical and Production Engineering Research and Development (IJMPERD ) (Vol.10, No. 3)

Publication Date:

Authors : ; ;

Page : 9661-9670

Keywords : Transportation; Logistic; Risk Management; Cost Reduction. Commerce; Supply Chain; Society Welfare; Policies; Sustainable Development;

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Risk management is a vital element of a transportation enterprise, helping it to use its advantages on the path to success. Risk management is a scientific, comprehensive and systematic process of approaching risk to identify, control, prevent and minimize losses and losses, the adverse effects of risks in the process of implementing the works related to international transport services such as, warehousing, shipping, purchasing, insurance, customs clearance, consulting services, ... for commercial goods in international trade. Transport greatly affects the cost of circulation, distribution and production and business of countries around the world. Therefore, in this paper, by using qualitative, synthesis and statistics analysis, we analyze and evaluate the risk management aspects of transportation in reducing business cost in Vietnam and consequences for the economy became a lesson for Vietnam as well as developing countries. Proper solutions and development orientation as well as risk management (RM) for transportation in supply chain are given toward sustainable development for the economic system, thereby contributing to social security, thus contributing to the society welfare.

Last modified: 2020-11-18 16:27:08